Intel's shares fell 3% per cent in the second quarter of this year, slightly below Wall Street's expectations

"Niu," Beijing time July 18 news, according to foreign media reports, the second quarter of this year intel revenue slightly lower than Wall Street expected, the company's shares fell 3%.

Last quarter, Intel revenue was 12.8 billion U.S. dollars, an increase of 2%. Intel has a profit of USD 2 billion, earning 39 cents per share.

Analysts expect Intel's quarterly revenue to be 12.9 billion U.S. dollars, earning 40 cents per share.

Intel also downgraded its full-year financial forecasts as the PC market declined faster than expected. Intel said the company expected annual revenue growth to be single-digit, but it now expects annual revenue to be roughly flat.

As more and more customers opt for tablets and smartphones, PC companies such as Intel are struggling to move into emerging mobile markets.

Earlier this month, Gartner and IDC, a market research firm, said global PC shipments fell 11% in the second quarter of this year. According to Gartner, PC shipments have fallen for 5 consecutive months, and such a long period is unprecedented.

Intel won a major victory in May by working with Samsung and its Galaxy tablet. Samsung will use the Intel Atom processor in the 10.1-inch Galaxy Tab 3.